Article | REF: SE3600 V1

Risks and insurance

Authors: Frédéric DUROT, Alain LEROY

Publication date: April 10, 2004, Review date: March 1, 2015

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1. Business risks and risk management

1.1 Company resources

Using the "black box" concept, the company can be seen as a system that consumes resources to provide users with products or services (whose intrinsic value is greater than that of the resources consumed). These resources are of four types (figure 1 ):

  • physical resources: energy, machinery, means of transport, etc. ;

  • human resources ;

  • information resources and intellectual services: manufacturing processes, design offices, etc. ;

  • financial resources: capital, customer payments, etc.

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Business risks and risk management